Decarbonization plays the metals fiddle in 2022
The recent 26th edition of the Conference of the Parties (COP26) brought about renewed vigour to phase down carbon dioxide emissions across the globe. Still, to get there, the mining…
Iron Ore
Mining tycoon Beny Steinmetz arrested in Greece
The Israeli billionaire, who was convicted of minerals rights-related bribery in January by a Swiss court, remains in the country.
Asteroid “ideal for mining exploration” to enter Earth’s orbit next week
An asteroid as big as a football field that has been singled out by scientists as an ideal target for a mining exploration mission, will break into Earth’s orbit on…
Global shift to ‘green steel’ will require US$278B investment by 2050: report
The global steel industry could be almost completely decarbonized by 2050 with an investment of US$278 billion in clean capacity and retrofits to existing production, according to BloombergNEF’s new report, Decarbonizing Steel: A Net-Zero Pathway. A move…
US markets fall, Nov. 22-26
The Dow Jones Industrial Average dropped 1.97% o 702.64 points to finish the November 22-26 trading week at 34,899.334, and the S&P 500 fell 2.20% or 103.34 points to 4,594.62….
TSX tumbles, Nov. 22-26
The S&P/TSX Composite Index fell 1.99% or 429.10 points to finish the November 22-26 trading week at 21,125.90 points. The S&P/TSX Global Mining Index was down 0.76% or 0.76 points…
London-based Tembo Capital raises US$380 million for third mining fund
In October, U.K.-based Tembo Capital, a leading investment advisor in the metals and mining sector, closed its third mining fund with commitments of US$380 million. The fund will focus on…
The View from England: Fuse lit for American ironworkers
Friday November 5 saw fireworks on either side of the Atlantic. Just as the big bangs were fading on Guy Fawkes Night in the United Kingdom, rockets were going off…
Guinea junta names AngloGold executive as mines minister
Guinea’s junta has appointed Moussa Magassouba, the director general of AngloGold Ashanti’s (NYSE: AU; JSE: ANG) local subsidiary as the country’s mines and geology minister, two months after the elite…
Anglo American strategy boss replaces Cutifani as CEO
Duncan Wanblad, 54, will be the first South African to run the company since Tony Trahar stepped down in 2007.
US markets rise, Oct. 25-29 trading week
The Dow Jones Industrial Average rose 142.54 points or 0.40% to 35,819.56 and the S&P 500 climbed 60.48 points or 1.33% to 4,605.38 during the October 25-29 trading week. Spot…
Anglo American to halve indirect emissions by 2040
Anglo American (LSE: AAL) aims to halve its indirect greenhouse gases, known as Scope 3 emissions, by 2040 while it continues to boost the use of renewable energy across its…